F&M BANCORP

Ticker: FMBM CUSIP: 30237P106 Class: COM

Elizabeth Park Capital Advisors, Ltd.'s Holding History (CIK: 0001600583)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 122,268 Value ($000) $2,720 Avg Close $14.24 Range $13.67 - $14.83

Q2 2015

Shares 96,103 Value ($000) $2,152 Avg Close $14.19 Range $13.10 - $16.26

Q1 2015

Shares 86,782 Value ($000) $1,736 Avg Close $12.96 Range $12.41 - $13.73

Q4 2014

Shares 86,577 Value ($000) $1,688 Avg Close $12.40 Range $11.46 - $12.81

Q3 2014

Shares 84,077 Value ($000) $1,482 Avg Close $11.87 Range $11.16 - $12.28

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	122,268	$2,720	$14.24	$13.67 - $14.83
Q2 2015	96,103	$2,152	$14.19	$13.10 - $16.26
Q1 2015	86,782	$1,736	$12.96	$12.41 - $13.73
Q4 2014	86,577	$1,688	$12.40	$11.46 - $12.81
Q3 2014	84,077	$1,482	$11.87	$11.16 - $12.28